VINTAGE LIVING & LIFESTYLE LIMITED




Company Registration Number:
08428007 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 04th March 2013

End date: 31st March 2014

SUBMITTED

VINTAGE LIVING & LIFESTYLE LIMITED

Company Information
for the Period Ended
31st March 2014




Director: Richard Hubbard
Registered office: Samara House The Spinney
Basset
Southampton
Hampshire
SO16 7FW
Company Registration Number: 08428007 (England and Wales)

VINTAGE LIVING & LIFESTYLE LIMITED

Abbreviated Balance sheet
As at 31st March 2014

Notes 2014
£

£
Fixed assets
Tangible assets: 2 129 -
Total fixed assets: 129 -
Current assets
Stocks: 23,269 -
Cash at bank and in hand: 9,509 -
Total current assets: 32,778 -
Creditors
Creditors: amounts falling due within one year 20,715 -
Net current assets (liabilities): 12,063 -
Total assets less current liabilities: 12,192 -
Total net assets (liabilities): 12,192 -

The notes form part of these financial statements

VINTAGE LIVING & LIFESTYLE LIMITED

Abbreviated Balance sheet
As at 31st March 2014
continued

Notes 2014
£

£
Capital and reserves
Called up share capital: 4 4 -
Profit and Loss account: 12,188 -
Total shareholders funds: 12,192 -

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 14 May 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Richard Hubbard
Status: Director

The notes form part of these financial statements

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

    Turnover policy

    The turnover shown in the profit and loss account represents the value of revenue earned during the period. The business was not registered for VAT in the period being reported.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows: Fixtures and fittings – 10% on cost

    Valuation information and policy

    Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014

  • 2. Tangible assets

    Total
    Cost £
    Additions: 143
    At 31st March 2014: 143
    Depreciation
    Charge for year: 14
    At 31st March 2014: 14
    Net book value
    At 31st March 2014: 129

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014

  • 4. Called up share capital

    Allotted, called up and paid

    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 4 1.00
    1.00
    4
    Total share capital: 4

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2014

  • 6. Related party disclosures

    Name of the ultimate controlling party during the period: The company was under the control of Richard Hubbard throughout the year, by virtue of the fact that he held 75% of the issued share capital.
    Name of related party: Richard Hubbard
    Relationship: Director
    Description of the transaction: Loan
    Balance at 04th March 2013 0
    Balance at 31st March 2014 17,700

    To get the company started Richard Hubbard and fellow shareholder Robert Cox have invested £17,700 into the business. This includes £11,134 of stock that was previously owned by them personally. The investment is unsecured and interest free, with no specified repayment date.


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